Component-Based Software Development
- Component-Based
Software is a relatively new software production
paradigm that focuses on building large software
systems from readily available components.
- The
goal of component-based software is to reduce
the cost of developing software systems while increasing
software reliability and interoperability.
- Between
1994 and 2000, ATP funded 24 projects in
this emerging field.
Project Outcomes
- Eighteen
projects were completed; two were still underway at
time of study, four failed to complete.
- Two
out of three projects funded produced commercial
products.
- Almost
four out of five projects were led by startups
or small firms.
National Economic Benefits Are Large
The investments were highly successful from a social perspective.
They yielded actual and projected benefits estimated at $1.5
billion on the combined ATP (public) and private investment of
$93 million. Private investment included substantial post-ATP
industry funding for product development.
- Total Net Benefit to the nation
2
- Net Present Value (year $2000)—$840 million
- Benefit to the nation of every dollar invested
- Rate of return on investment to the nation
- Internal Rate
of Return—80%
____________________
1 Recently published
ATP contractor study—Research Triangle Institute Benefits
and Costs of ATP Investments in Component-Based Software (NIST
GCR 02-834), November
2002. Research based on a conservative quantitative analysis,
using estimated benefits from eight of the 19 completed projects
relative to costs incurred on all 24 projects.
2 These
estimates represent total benefits to the nation (to the
public and to companies funded) relative to ATP and industry
investment costs.
Factsheet 1.B9 (March
2003) |
